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Search Results 0 to 10 of about 11 (some duplicates have been removed)
and republicans on how to close the budget gap. it has been more than two weeks since president obama invited the major players to the white house to discuss the situation. as of this morning, no new talks are scheduled. brianna keilar joins us. so many republicans say they are pessimistic about a deal happening in time to avert this fiscal cliff. some say it's for political reasons. what can you tell us? >> it may all be for political reasons. that's no surprise in washington. as you can seen through dealmaking not just on this but things in the past couple of years between the white house and congress, there is almost this rhythm that has evolved. both sides are pointing to the other for an impasse. republicans like senator lindeyy graham just slamming the white house and tim geithner for a plan he laid out on behalf of the administration, laying out about $1.6 trillion in new revenues coupled with only about $400 billion in medicare cuts. listen to what graham said. >> i think we're going over the cliff. it's pretty clear to me they made a political calculation. this offer doesn't remotely
week to present the president's plan to congress. >> i was flabbergasted. >> reporter: president obama wants $1.6 trillion in new taxes on the rich. $400 billion in cuts to entitlement programs such as medicare and $50 billion in stimulus spending. >> the president and white house have three weeks and this is the best we got? >> reporter: the senate minority leader mitch mcconnell laughed at geithner. geithner said if republicans don't like the president's plan it's up to them to present their own ideas. >> what we can't do is figure out what works for them. they have to come tell us what works for them. >> reporter: secretary geithner made it clear there will be no deal that does not include a tax hike on the wealthiest americans. >> there's not going to be an agreement without rates going up. >> reporter: no formal negotiating sessions are on the schedule here and many believe it will take about a week for the real work towards a solution to get under way. now, so much of the talk right now is about taxes, but another aspect of this fiscal cliff is massive, massive defense cuts. that
obama came to hatfield, pennsylvania which is a few miles down the street about a week ago he was covered by all of the press as it should be. the rooep i am on your show is we tried to have a similar event showing how it would not be effective. there was almost no one attending. they have nothing except the press outlets. the story you are telling small business doesn't have representation is a story that needs to be heard by the american people. we cannot compete. in our goen governmeown governm the biggest obstacles to success. >> you say it's not a financial issue but a moral issue. explain how it is a moral issue. >> i had the good fortune of living overseas i have seen how other people live. one of the best things about living overseas is you get to crÈche yat what america is america is a sunique place. america is a unique government. our government is the only one in the history of man. it was forged to protect the citizen as rights and citizen's pursuit of happiness. the government is perfect. the government was the citizen. it is no longer the citizen. now the citize
financial transactions, granny's new hip, your mortgage interest. as we start the week it's all about raising taxes not cutting spending. tax everything. but there are rich people who will avoid the obama tax increases the board of directors at costco will get a huge tax windfall by paying themselves a big dividend this year. and jim senegal, charlie monger, bill gates' father all on the board in favor of taxing the rich, really? and the debate on guns front and center. that murder-suicide involving the kansas city linebacker brings on the call for gun control and the possibility of head injuries in football and drugs and alcohol. all right, everybody, monday morning, "varney & company" about to begin. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba ding the great rrier reef with sharks, or jumping into the marke he goes with people he trus, which ishy he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no matter what haens, which isn't r
. >> shannon: who will blink first? the obama administration says the ball is in the g.o.p.'s court. republicans insist it's the president's turn to get serious about dealing with our country's debt. >> it's unfortunate that the white house spent three weeks doing basically nothing. >> this is a very carefully designed set of reforms. if republicans would like to go beyond these reforms, or they want to do it differently, they should tell us how they want to do it. >> i believe raising tax rates hurts our economy, hurts the prospects for more jobs in our country. >> shannon: as the sparring continues over the fiscal cliff, neither boehner nor geithner can say for certain that the country will not go over the edge. i'm shannon bream. america's news headquarters live from the nation's capital starts right now. >> shannon: we want to get to the budget standoff. peter doocy joins us live. there is time to strike a deal but not a lot. >> reporter: that's right. the speaker of the house john boehner made a point today to say there is not much time between election day and the end of the y
.s. debt limit. senator mcconnell is demanding 60 senate votes for passage. president obama pushed for the power transfer in a most recent and main proposal last week on the fiscal cliff. >>> now no john mcafee. the millionaire software guru wanted in questioning in the neighbor's murder in belize. maybe you heard mcafee. got arrested in guatemala overnight. shouldn't come as much of a surprise here. the whole time supposedly on the run, he was handing out tv interviews like candy. but listen to this. now the mcafee is in jail, he is blogging from behind bars. the story just keeps getting more interesting, shall we say? more on the blogging here in a moment. but first, i have to play you this video. this is the video of his arrest. surprise-surprise. he was with a camera crew from vice.com when guatemalan police took him in. the charge, entering that country illegally. take a look here. exclusive video of vice.com. >> they're trying to arrest me. guatemalan jails have beds. >> john, where are you going? >> to jail. >> when will you be out? >> and off he goes. to think, just yesterd
're 30 days away from falling off the fiscal cliff and president obama tried to layout his plan to the american people this week and people say his plan is a nonstarter and say it's taxes and spending. >> joining us now is the host of fox news sunday, chris wallace and nice to see you this morning, chris. >> hi, guys. >> clayton: you have timothy geithner on your show who was laughed at this week, in a way or the proposal that he handed to senate minority leader mitch mcconnell and he let out an audible chuckle at the proposal. i'm curious if timothy geithner has the same sense of humor. >> actually we have not only timothy geithner, but john boehner in an exclusive interview at the top of the hour, these are the two point men. boehner representing house republicans and any bill is going to have to get through them and geithner representing the president. you're exactly right. when geithner presented his plan to mcconnell, mcconnell says he burst out laughing and boehner you'll hear at the top of the hour, one of the words he uses is flabbergasted. what they were shocked at not
. i will tell you the white house after not being very happy with the pace of negotiations the week before last sent treasury secretary tim geithner up to the hill to outline this proposal. there's a lot we already knew about that president obama had already taken a public position on. the white house is now saying to republicans as well, we want you to put the meat on the bones when it comes to the entitlement reform portion of this deficit reduction plan. that's politically very tricky, as you know, because a lot of times dealing with entitlements will be construed as cuts to medicare and that's often not very popular. as you can imagine that deal that you just outlined, not received very well by republicans on the hill. >> i think we're going over the cliff. it's pretty clear to me they've made a political calculation. this offer doesn't remotely deal with entitlement reform in a way to save medicare and medicaid, and social security from imminent bankruptcy. the president's plan when it comes to entitlement reform is just quite frankly a joke so i don't think they're serious abo
Search Results 0 to 10 of about 11 (some duplicates have been removed)